Your definition of capitalism is wrong.
Capitalism is where an ownership class possesses the means of production, a labor class which operates the means of production is undercompensated, and the amount by which they are undercompensated is passed to the ownership class.
"Unregulated competition" is libertarianism, which is just the shitty cherry on top of capitalism.
Nothing you've said is at all "leftist".
Beacon@fedia.io 20 hours ago
No it doesn't. I have no idea where you came up with that thought, but it's totally incorrect. And that's the entire fundamental basis of your concept, so everything else is incorrect too
So your opinion is even wrong, because it's an opinion about a false concept
ApollosArrow@lemmy.world 20 hours ago
Yes, this confused me. Also wouldn’t unregulated capitalism just end with one company in the end?
Beacon@fedia.io 19 hours ago
Yes, the end result of unregulated capitalism is always power getting concentrated into a handful of individuals while the rest of the planet's billions of people are effectively in poverty and powerless